Common use of Reductions in Aggregate Commitment Clause in Contracts

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment in whole, or in part, ratably among the Lenders in integral multiples of $5,000,000, upon at least two (2) Business Days’ written notice to the Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances, after taking into account any prepayments to be made on or before such date. All accrued facility fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder and on the final date upon which all Loans are repaid hereunder.

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment (which shall also result in a reduction in the commitment fee provided for in the first sentence of this Section) in whole, or in part, part ratably among the Lenders in integral multiples of $5,000,000, upon at least two (2) three Business Days’ ' written notice to the Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances, after taking into account any prepayments to be made on or before such date. All accrued facility commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder and on the final date upon which all Loans are repaid hereunder.

Reductions in Aggregate Commitment. The Borrower may permanently reduce the Aggregate Commitment (which shall also result in a reduction in the commitment fee provided for in the first sentence of this Section) in whole, or in part, part ratably among the Lenders in integral multiples of $5,000,0001,000,000, upon at least two (2) three Business Days’ written notice to the Agent, which notice shall specify the amount of any such reduction; , provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Advances, after taking into account any prepayments to be made on or before such date. All accrued facility commitment fees shall be payable on the effective date of any termination of the obligations of the Lenders to make Loans hereunder and on the final date upon which all Loans are repaid hereunder.